City homebuilders and their customers can save up to $1,306 on the construction of a new home under the Impact Fee ordinance changes approved yesterday by City Council Palm Coast, FL – May 18, 2011 –Yesterday the Palm Coast City Council passed revisions to its Impact Fee ordinances for transportation, fire, and parks. Builders and […]
A view from MortgageTechnology.com – Changes are coming to MERSCorp Inc and its system of tracking note ownership. But will it amount to a reboot or a replacement of MERS? Palm Coast, FL – May 17, 2011 – Here’s a view on the MERS problem and possible solutions from the mortgage technology viewpoint. It gives […]
”Unlike most foreclosure cases, this one is not filed by a homeowner facing foreclosure, but by a homeowner who says an influx of foreclosures in the neighborhood killed his property’s value.” Palm Coast, FL – May 16, 2011 – A lawsuit against Pulte Homes, who acquired Centex in 2009, claims that its lax lending standards […]
A low basis on the property enabled the development of a product that can compete with the foreclosures and short sales that have dominated the Florida landscape for the past several years. Palm Coast, FL – May 16, 2011 – In this day and age of gloom and doom espoused by everyone from Ben Bernanke […]
This year’s drop follows a 26.35% drop last year, an indication that the number of property owners under financial stress is lessening. Palm Coast, FL – May 13, 2011 – It’s that time of year, when the newspaper doubles in size, bloated by the legal requirement to advertise property tax delinquencies. You may have noticed […]
Expect 5.3 million existing-home sales this year, up from 4.9 million in 2010, with additional gains in 2012 to about 5.6 million – that’s a sustainable level given the size of our population. Palm Coast, FL – May 13, 2011 – Home sales are expected to stay on an uptrend through 2012, although the performance […]
A weekly analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – May 13, 2011 – Every week the Research staff analyzes key data releases and explain what they mean for you and your business. In this update, we give […]
The average foreclosure timeline in Florida was 679 days for first-quarter foreclosures, which was still four times the 169-day average one year ago. Palm Coast, FL – May 12, 2011 More than 219,200 properties received a foreclosure filing in April, a 9% drop from March and the lowest level seen in 40 months, according to […]
Second mortgages can be declared unsecured debt if there is no equity to cover them. Palm Coast, FL – May 12, 2011 Stung by the crash of the housing market, some struggling homeowners are using a little known but increasingly popular provision of the bankruptcy code to eliminate second mortgages and avoid foreclosure. Statistics are […]
Assessed values of Palm Coast’s ten golf courses are down again this year, but there is good news; unlike two previous years, property taxes on all courses have been paid. Palm Coast, FL – May 12, 2011 – Palm Coast, Flagler County preliminary assessed real property values are posted. The housing market isn’t the only […]